The last 15 expiring monthly contracts have been well supported into expiration after trading a low near the middle of the month (most of those lows have traded between the 15th and 21st but have traded as early as the 10th and late as the 25th). July ’21 traded its expiration low on 06/21. Expect July ’22 to continue that tendency. Prices softened more in the light Holiday trade but the trend would suggest a low established shortly to be followed by support into expiration early next week.
Major Support: $6.426 Minor Support: $$6.60, $6.245, Major Resistance:$7.66, $7.725, $7.816, $7.955
